Vilnius, Lithuania, 2014-05-23 08:54 CEST (GLOBE NEWSWIRE) -- On the initiative and by the decision of the Board of LITGRID AB (legal entity code 302564383, address of the registered office at A. Juozapavičiaus g. 13, Vilnius), an extraordinary general meeting of shareholders of LITGRID AB is convened on 13 June 2014. The meeting will be held in room 226 in the company’s office at A. Juozapavičiaus g. 13, Vilnius. The beginning of the meeting: at 10:00 on 13 June 2014. The shareholders’ registration begins at 09:30 on 13 June 2014. The shareholders’ registration ends at 09:55 on 13 June 2014.
The shareholders record date of the extraordinary general meeting of shareholders is set 6 June 2014. Only the persons that are shareholders of LITGRID AB at the end of the shareholders record date of the extraordinary general meeting of shareholders can participate and vote in the extraordinary general meeting of shareholders.
The rights record date of the extraordinary general meeting of shareholders is set 27 June 2014. Only the persons that are shareholders of the company at the end of the rights record date of the meeting will have the shareholders’ property rights provided for in paragraphs 1(1) – 1(4) of Article 15 of the Law of the Republic of Lithuania on Companies.
The agenda of the meeting and the proposed draft resolution:
- The agenda is as follows:
Regarding the transfer of shares of BALTPOOL UAB.
- Extraordinary general meeting of LITGRID AB shareholders proposed draft decisions:
„To approve an investor, who is of sufficient financial capacity to ensure BALTPOOL UAB business and regional development as well as of ability to create opportunities for the Lithuanian market participants to trade in foreign markets, for a price, no lower than that determined by an independent property valuer, purchasing up to 49 per cent of BALTPOOL UAB shares, in a way of LITGRID AB controlled BALTPOOL UAB shares sale and purchase agreement or increase of BALTPOOL UAB share capital“.
The shareholders can familiarise themselves with documents related to the agenda of the meeting, the draft resolution, and the general ballot paper on working days starting from 23 May 2014 in the premises of LITGRID AB at A. Juozapavičiaus g. 13, Vilnius, room 308a, during the working hours of the company (07:30 – 11:30 and 12:15 – 16:30, on Fridays 07:30 – 11:30 and 12:15 – 15:15). These documents and other information to be made public according to the law that is related to the shareholders’ right to make proposals to add issues to the agenda of the meeting, to propose draft resolutions on issues in the agenda of the meeting and the shareholders’ right to present questions related to issues on the agenda of the meeting to the company in advance will also be published on the company’s website at http://www.litgrid.eu starting from 23 May 2014.
If a shareholder having the right to vote or his duly authorised representative requests in writing, the company will prepare and no later than 10 days before the general meeting of shareholders will send a general ballot paper by registered mail or deliver it personally against signature. The general ballot paper will also be available on the company’s website at http://www.litgrid.eu. A filled-in and signed general ballot paper and a document confirming the right to vote can be presented to the company by registered mail or delivered to the company at A. Juozapavičiaus g. 13, Vilnius, no later than by the end of the working hours (16:30) on 12 June 2014.
The company retains the right not to include the votes cast by the shareholder or its authorised representative in advance into the voting results if the presented general ballot paper does not meet the requirements set in paragraphs 3 and 4 of Article 30 of the Law of the Republic of Lithuania on Companies, or if it is received late or is filled in a way that makes it impossible to establish the true will of the shareholder on a specific issue.
Persons have the right to vote at the general meeting of shareholders by proxy (under a power of attorney). A power of attorney is a written document issued by a person (principal) to another person (authorised agent, proxy) to represent the principal in establishing and maintaining relations with third persons. A power of attorney to perform, on behalf of a natural person, the actions related to legal persons, with the exception of cases where the authorisation of a different form is permitted by law, must be certified by a notary public. Proxies must have a personal identity document and a power of attorney certified under the procedure established by law that they must present no later than by the end of registration of the shareholders participating in the general meeting of shareholders. A proxy is entitled to the same rights in the general meeting of shareholders as the shareholder represented by him/her would have.
Shareholders having the right to participate in the general meeting of shareholders have the right to authorise a natural or legal person by means of electronic communication to vote on their behalf in the general meeting of shareholders. Such an authorisation does not need to be certified by a notary public. The company accepts an authorisation given by means of electronic communication only in case a shareholder signs it with one’s electronic signature created with secure signature creation device and certified with a qualified certificate valid in the Republic of Lithuania, i.e. if the security of the transmitted information is ensured and the identity of the shareholder can be determined. The shareholder must notify the company in writing about such an authorisation given by means of electronic communication, sending it by e-mail to info@litgrid.eu no later than by the end of the working hours (16:30) on 12 June 2014.
Participation and voting in the general meeting of shareholders by means of electronic communication is not possible.
Vilija Railaitė
Head of Communications
Phone +370 5278 2361
Mobile +370 613 19977
E-mail vilija.railaite@litgrid.eu
